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"First appearing in the 1830s, savings and loans, then known as building and loans, encourage their working-class members to adhere to the principles of thrift and mutual cooperation as a way to achieve the "American Dream" of home ownership. This book traces the development of this industry, from its origins as a "movement" of a loosely affiliated collection of institutions into a major element of America's financial markets. It also analyzes how...
Author
Description
Lays bare the strategies that corrupt CEOs and CFOs--in collusion with those who have regulatory oversight of their industries--use to defraud companies for their personal gain. Recounting the investigations he conducted as Director of Litigation for the Federal Home Loan Bank Board, Black fully reveals how Charles Keating and hundreds of other S & L owners took advantage of a weak regulatory environment to perpetrate accounting fraud on a massive...
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